Exhibit 12.1

Autoliv, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)	Year Ended December 31,
Fixed charges	2009			2010			2011			2012			2013
Interest expense	$	68.2		$	66.6		$	68.2		$	41.7		$	32.9
Interest portion of rental expense (1)		9.3			9.7			12.0			11.7			15.1
Total	$	77.5		$	76.3		$	80.2		$	53.4		$	48.0
Earnings
Income before income taxes	$	5.5		$	805.5		$	828.3		$	668.6		$	734.0
Earnings in Affiliates		(3.8	)		(5.5	)		(6.8	)		(8.1	)		(7.3	)
Fixed charges +		77.5			76.3			80.2			53.4			48.0
Cash from Affiliates +		9.2			9.2			6.4			4.8			4.6
Total	$	88.4		$	885.5		$	908.1		$	718.7		$	779.3
Ratios of Earnings to Fixed Charges		1x			12x			11x			13x			16x

(1) One-third of all rental expense is deemed to be interest.

For the purpose of computing these ratios, (i) “earnings” consists of the sum of pre-tax income from continuing operations before adjustment for non-controlling interests in our consolidated subsidiaries or income or loss from equity investees; fixed charges; amortization of capitalized interest; and distributed income of equity investees; and (ii) “fixed charges” consists of the sum of interest expense (which includes amortization of premiums, discounts, and capitalized expenses related to debt issue costs, when applicable); capitalized interest; and one-third of rental expense which we believe to be a reasonable estimate of an interest factor in our leases.